Merchandise Imports Increased in 2013 to Highest Level Since 2009

"The total value of goods imported by Cayman residents in 2013 was recorded at CI$774.5 million, 2.1 percent higher than in 2012."

The total value of goods imported by Cayman residents in 2013 was recorded at CI$774.5 million, 2.1 percent higher than in 2012.

⫿This is the highest level of imports recorded since 2009. In addition to higher fuel imports, there were significant increases in capital goods and industrial supplies which are vital to economic growth,??? notes the Minister for Finance and Economic Development, Hon. Marco Archer.

In 2013, imports of petroleum products increased by 10.5 percent to reach CI$167.8 million. Capital goods and industrial supplies were higher by 9.0